Tag Archives: daily

April ISM MF Index, March Personal Income, Construction Spending

Indicators Support Stronger Outlook for Q2 GDP, Fed on Hold The ISM Manufacturing Index decreased to a still-positive 54.8 in April. U.S. Real Disposable Personal Income increased by 0.5 percent in March. The Personal Consumption Expenditure Price Index fell by … Continue reading

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2017Q1 GDP, March Employment Cost Index

First Quarter GDP was Weak, as Expected. We Look for Stronger Growth Later….if… Real Gross Domestic Product for 2017Q1 increased at a weak 0.7 percent annualized rate. Worker Compensation increased by 0.8 percent in March as labor markets tightened. The … Continue reading

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March Durable Goods, Advance Indicators, April UI Claims, Tax Reform

Lots of Moving Parts As Trump Administration Pushes Fiscal Agenda New Orders for Durable Goods increased by 0.7 percent in March, the third consecutive monthly gain. The Advance Estimate of International Trade in Goods showed a widening trade gap, dragging … Continue reading

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March Leading Indicators, Philly Fed, April UI Claims

 Indicators Still Positive for U.S. Economy The Conference Board’s Leading Economic Index for March increased by 0.4 percent. Initial Claims for Unemployment Insurance gained 10,000 for the week ending April 15, to hit 244,000. The Conference Board’s Leading Economic Index … Continue reading

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March Residential Construction, Industrial Production

Starts Rebalance After February Bump Housing Starts decreased in March by 6.8 percent to a 1,215,000 unit annual rate. Permits for new residential construction increased by 3.6 percent to a 1,260,000 unit pace in March. Industrial Production increased by 0.5 … Continue reading

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March U.S. Employment

Quirky Report Shows Weaker-than-Expected Payroll Gain Despite Other Strong Indicators Payroll Employment increased by only 98,000 jobs in March. The household survey surged by 472,000 jobs. The Unemployment Rate for March fell to 4.5 percent. Average Hourly Earnings increased by … Continue reading

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March ADP Jobs, ISM Non-MF, FOMC Minutes

Ongoing Strong Job Gains and Discussion of a Shift in Fed Policy The March ADP Employment Report showed another strong gain, adding 263,000 private-sector jobs. The ISM Non-Manufacturing Index eased to a still-positive 55.2 in March. The minutes of the … Continue reading

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February U.S. International Trade

Fears of Big Drag from Trade on Q1 GDP Diminished with New Data The Trade Gap narrowed by $4.6 billion in February, to -$43.6 billion. Exports increased marginally by $0.4 billion, with slightly stronger exports of goods. Imports fell by … Continue reading

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March ISM-MF Index, February Construction Spending, Fed Balance Sheet

 Good Data Accompanies Discussion of Fed’s Balance Sheet The ISM Manufacturing Index for March decreased to a still-positive 57.2, showing improving conditions. Construction spending increased by 0.8 percent in March, boosted by private multi-family projects. The ISM Manufacturing Index for … Continue reading

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February New and Existing Home Sales, March UI Claims

New Home Sales Strong in February New Home Sales increased by 6.1 percent to a 592,000 unit annual rate. Existing Home Sales fell by 3.7 percent in February to a 5,480,000 unit annual rate. Initial Claims for Unemployment Insurance gained … Continue reading

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